- Online Travel Company Yatra Revenue Jumps 36%, Loss Fall To $5.57 Mn Showcasing strong growth for both its primary businesses — air ticketing and hotels and packages, online travel company Yatra has posted results for the three months ended March 31, 2018. Yatra reported a loss of $5.57 Mn (INR 38.09 Cr), an admissible success in comparison to $12.16 Mn (INR 83.02 Cr) on Q-o-Q basis. At […]
- News Roundup: 13 Indian Startup News Stories That You Don’t Want To Miss This Week [04-09 June 2018] We bring to you the latest dope of Indian startup news stories of the week. As the digital India initiative picks up the pace, Prime Minister Narendra Modi has encouraged states and ministries to increase the use of BHIM app. Concerned with the fall of BHIM UPI’s share in the total digital transactions, Prime Minister […]
- MakeMyTrip-OYO Partnership Raises Concerns Among Independent Hotel Owners MakeMyTrip’s delisting of budget-focused hotel aggregators Treebo and FabHotels in keeping with its commercial agreement with homegrown hospitality major OYO has raised the hackles of independent hotel owners, who reached out to the company to raise their concerns on the matter. In a report, ET claimed that a group of hotel owners, some of whom […]
- MakeMyTrip Gets $3.8 Bn Valuation Through Rights Issue Online travel aggregator MakeMyTrip has been infused with funds through a rights issue done by its Nasdaq-listed parent, valuing the Gurugram-based company at around $3.8 Bn (INR 26,000 Cr). The holding company MakeMyTrip Limited Mauritius put in around $18.85 Mn (INR 128 Cr) into MakeMyTrip India over the last six months through subscriptions to the […]
- Paytm Wants To Lead In Online Travel, Sells 38 Mn Tickets In FY18 Registering a growth of 3x compared to FY17, digital payments giant Paytm has recorded sale of 38 Mn travel tickets on its platform in FY18. With a continued push towards consistent growth in its flights, trains, and bus ticketing categories, Paytm is aiming at 2x growth in ticketing volumes by end of FY19, with a target […]
- Ashish Kashyap Spills The Beans On Goibibo’s Marketing Strategy A quintessential tech entrepreneur, Ashish Kashyap has donned many hats during the course of his enviable career — from being the country head of Google India and the co-creator of PayU India (which acquired CitrusPay in 2016) to the main architect of the ecommerce business at Indiatimes. Then, he went on to found Ibibo. In […]
- Travel Company Yatra Plans To Raise $100 Mn In The Next Three Years Online travel company Yatra has expressed its intention to raise $100 Mn capital in the next three years, as disclosed in the recent filings with the US Securities and Exchange Commission (SEC). As per the filings accessed by Inc42, the company said, “Under this shelf registration process, we may offer ordinary shares, preference shares, various […]
- MakeMyTrip To Delist Treebo, FabHotels Following Agreement With OYO Online travel company MakeMyTrip is in works to delist its budget-focused hotel aggregators, Treebo Hotels and FabHotels, following an agreement with homegrown hospitality major OYO. In a report, ET quoted people familiar with the development as saying that OYO and MakeMyTrip could also explore a potential equity deal in the future which may involve other […]
- Flipkart Officially Forays Into Online Travel Space; Partners With OTA Major MakeMyTrip In line with earlier reports that Flipkart was looking to foray into the online travel aggregator (OTA) space, the homegrown ecommerce unicorn has now forged a strategic partnership with MakeMyTrip. As part of the alliance, Flipkart will, henceforth, offer travel services on its platform. Additionally, under the tie-up, all offerings of three of MakeMyTrip’s brands […]
- Flipkart Set To Be An OTA Giant After Conquering Ecommerce, To Take on MakeMyTrip, Yatra Homegrown ecommerce company Flipkart is looking to take on MakeMyTrip and Yatra Inc as it ventures in the online travel agency (OTA) space. As per reports, Flipkart will be providing a couple of new travel services to its customers. Once the Indian ecommerce giant, starts to traverse in the OTA space, customers will be able […]
- Homegrown Hotel Aggregator OYO Acquires Chennai-Based Novascotia Boutique Homes Gurugram-headquartered hotel aggregator OYO has announced the acquisition of Chennai-based service apartment operator Novascotia Boutique Homes. This comes days after OYO announced its acquisition plans both internationally and in the country. According to the reports, the negotiations of this deal started in October 2017 and concluded in February 2018. It is being speculated that OYO […]
- OYO Moves On From ZO Rooms Battle, Plans Acquisitions In India And Outside Fighting off “once burnt, twice save”, OYO rooms is back in the game. Moving on from a fierce court battle with ZO rooms, the company is looking for some new acquisitions in the space with the backing of its deep-pocketed investors like SoftBank. In a conversation with ET, Ritesh Agarwal, CEO of OYO, informed that […]